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05072019 Friday — Trade Plan & Journal

05072019 Friday — Trade Plan & Journal

05072019 Fri­day —  Trade Plan & Journal

Ter­mi­nol­o­gy (par­tial­ly made up by yours truly)

  • PA = Price Action
  • BO = Break Out
  • BD = Break Down
  • CAR = Con­firm As Resistance
  • CAS = Con­firm As Support
  • UKC = Upper Kelt­ner Channel
  • LKC = Low­er Kelt­ner Channel
  • TV = Tick Volume
  • WPP = Week­ly Piv­ot Point
  • DPP = Dai­ly Piv­ot Point
  • DR = Dai­ly Resis­tance (piv­ot)
  • DS = Dai­ly Sup­port (piv­ot)
  • WR = Week­ly Resis­tance (piv­ot)
  • WS = Week­ly Sup­port (piv­ot)
  • HL = High­er Low
  • HH = High­er High
  • LH = Low­er High
  • LL = Low­er Low
  • SD = Stan­dard Deviation
  • VWAP = Vol­ume Weight­ed Aver­age Price
  • AS = Asian Session
  • LS = Lon­don Ses­sion (EU)
  • NY = New York Ses­sion (US)
  • R/R = Risk to Reward
  • M2M = Move to Move
  • T2H = Trade to Hold
  • DT = DownTrend
  • UT = UpTrend
  • LTF = Low­er Time Frame
  • TTF = Trad­ing Time Frame
  • HTF = High­er Time Frame
  • HHTF = High­er High­er Time Frame
  • Hypo = HYPOthetical

Health review (for the past week)

  • Week­ly goal
    • Fol­low health plan
  • How do you feel? Have you recent­ly had a break of dai­ly rou­tine (like a trip)? Did you have 2 (or more) nights of insuf­fi­cient sleep?
    • Did not sleep too well last night but feel good. 
  • How would you rate it (1–5)? 1 = don’t trade 2/3 =half posi­tion siz­ing 4/5 = full position
    • 5

Mar­ket Prep

Intra­day Tech­ni­cal Analysis

  • HTF
    • Define con­text
      • Where were the overnight highs and lows and PVA?
        • High 57.597
        • PVAH 57.273
        • PPOC 57.028
        • PVAL 59.819
        • Low 56.507
      • Where is the LIS?
        • PPOC area
      • What didn’t happen?
        • We did not con­tin­ue HHTF DT
      • Dialling in on opportunities
        • Is there a shift in value/excess migra­tion? What is the cur­rent mar­ket con­di­tion? Are we trend­ing, balancing/range bound? Where are we in the trend range axis?
          • HTF R in effect
  • TTF
    • What trade loca­tions among this struc­ture would l like to get involved in that will offer me the best R/R opportunities?
      • HTFLKCCAS
    • What has the Asian Ses­sion printed?
      • Walk­ing the HTFLKC

My goals for the day (Dai­ly Report Card)

  • Define win­ning
    • Only focus on A/A+ setups and work on con­sis­ten­cy in tak­ing them. To have a bet­ter sam­ple size I will need to go through a few cycles before I can think of the next lev­el. Do this for the next month at least. It would be 3 months by then and I can ana­lyze my trad­ing and reassess if need be. 

Read­ing the Tape

  • What is printing? 
    • 17:05
      • Pos­si­ble HTFLKCBD
    • 17:35
      • Push back on the BD pos­si­ble rever­sal in line with HTF R LKCCAS
    • 18:05
      • Move to TTF200MABO
    • 18:35
      • No con­tin­u­a­tion to move yet
    • 19:05
      • Short term rever­sal at HTF upper VWAP 2.0 SD, no con­tin­u­a­tion to HTF R 50MABO
    • 19:35
      • Momen­tum dried up, PA sluggish

Dai­ly Report Card









Date:7/5/2019Week­ly GoalExe­cute A+ (TTF TC) / A setups (TTF NT)















Com­bined Score90











Process Report Card (10 each)
Per­for­mance Report Card (10 each)

10Ses­sion PECS100%10Real-time analy­sis

0Hypos1/110Setups Iden­ti­fied (inc. TEST)

10Trad­ing the process1/110Setups tak­en

10Dai­ly review0/110Erro­neous Entries

10Progress tow. week­ly goal0/110Erro­neous Exits

40Total
50








  • Week­ly Goal
    • Only focus on A/A+ setups and work on con­sis­ten­cy in tak­ing them. To have a bet­ter sam­ple size I will need to go through a few cycles before I can think of the next lev­el. Do this for the next month at least. It would be 3 months by then and I can ana­lyze my trad­ing and reassess if need be. 
  • Review
    • Today I tried out a new trade idea and after 2 wrong entries I timed it right and trad­ed until my tar­get hit and took 4 out of 5 off to see if it would run further.
  • How accu­rate was my assess­ment of mar­ket context?
    • Hypo
      • Didn’t make hypos today because I was work­ing on under­stand­ing more deeply the way I trade
    • Real-time analy­sis
      • Did well here
  • How well did I man­age my phys­i­cal, emo­tion­al and cog­ni­tive states?
    • P: Did well here although haven’t slept well I felt good. 
    • E: Did well here
    • CS: Did well here
  • What’s one thing you learned today?
    • That I can stop out and not feel bad and imme­di­ate­ly get back in. 
  • Positive(s)
    • Under­stand­ing my approach better. 

Feed­back?

Any ques­tions or feed­back you might have please feel free to leave a com­ment or con­tact me directly. 

T3chAddict
t3chaddict@bearmarkettrader.com

Day trader. Tech geek. Sim racer/Pilot.

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